Markets

Bitcoin has reclaimed the $30,000 price tag after another brief drop beneath it yesterday. Most alternative coins have also bounced off the lows as ETH has neared $1,300, while UNI jumped to a new all-time high.Bitcoin Swings Around The $30KFollowing an unsuccessful attempt to overcome $35,000 earlier this week, bitcoin started to gradually decrease in value. The adverse movements culminated in another price drop beneath the psychological $30,000 level, as CryptoPotato reported...

Litecoin price started a fresh decline below the $135 and $130 support levels against the US Dollar.LTC price is trading just above the $120 support and it is well below the 55 simple moving average (4-hours).There was a break below a key bullish trend line with support near $136 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair could correct higher, but it is likely to face many hurdles such as $135 and $140.Litecoin price is showing bearish signs below $135 against...

Although the price of bitcoin fell by over $10,000 since its all-time high of $42,000, historical on-chain data suggests that the asset could still experience a significant increase in the following months.Simultaneously, another indicator implied that BTC’s correction has gone through its most harmful stage and could end soon.BTC’s Correction To Finish Soon?Following a substantial price increase that led to a new all-time high in early January, the primary cryptocurrency hit a wall and...

Ever since last summer, the DeFi space is booming. The total value locked in various protocols has surged to more than $24 billion, up some 4000% in less than a year. But there’s one challenge that many believe is hampering the further growth of the space – sky-high ETH gas fees.The Booming DeFi SpaceThe massive increase in popularity of decentralized finance (DeFi) led to the creation of hundreds of projects, each one battling to garner the user’s trust. One of the more successful ones is...

It’s a bloody day on the markets across the board. Cryptocurrencies experienced substantial losses, while traditional markets also opened in the red, highlighting the current correlation.Bitcoin dipped below $30,000 while the entire capitalization dropped below $900 billion.Cryptocurrency Markets SufferAs CryptoPotato reported earlier today, Bitcoin continued its regress today, sliding by almost 7% at one point. The cryptocurrency dipped to as low as $29,150 on Bitstamp, and even though it...

LVMH saw its business cramble last year amidst the COVID-19 pandemic as many governments across the world forced retail shops and businesses to close down.LVMH Moët Hennessy Louis Vuitton (EPA: MC) shares saw a 1.3% rise in the early trading session on January 27, after its fashion business brand Louis Vuitton put up a good LVMH performance in Q4. LVMH shares were among the top performers on CAC-40, France’s benchmark stock market index in the early stages of Wednesday, taking fellow french...

With the plans to raise $1.5 billion through its ongoing IPO, Qualtrics has made a series of adjustments to its shares offering to the public in recent days.The Chief Executive Officer of German multinational software, SAP SE (NYSE: SAP) Christian Klein has disclosed that the proposed IPO of its subsidiary, Qualtrics, an American experience management company, is ‘massively oversubscribed’ by investors. Per a CNBC report, Klein noted that the demand for the shares of the software company has...

2020 turned out to be one of the S&P’s best performing years despite the pandemic. It seems the overall bullish trend in the past year is luring more investors and traders to the stock market. Data shows that searches for “stock market bubble” are peaking as the most recent frenzy with GameStop stock rages on.Stock Market 2020 Recap: A Few WordsThe raging pandemic saw millions of people losing their lives and jobs. These should have been more than enough to trigger a looming bear market,...

Catherine Wood also praised the newly nominated head of SEC Gary Gensler is “very pro Bitcoin”.The CEO of Ark Investment Management Cathie Wood has said that financial regulators in the United States will not assent to a Bitcoin exchange-traded fund unless the overall market capitalization of the crypto industry hits $2 trillion. This was made known in an ETF Trends Big Ideas event.According to Wood, she doubts if the US Securities and Exchange Commission (SEC) would feel comfortable with the...

Tron price is still facing a strong resistance near the $0.0325 and $0.0330 levels against the US Dollar.TRX price is now trading well below $0.0300 and the 55 simple moving average (4-hours).There was a break below a connecting bullish trend line with support near $0.0302 on the 4-hours chart (data feed via Bitfinex).The pair could revisit the $0.0280 support or even $0.0265 in the near term.TRON price is struggling to gain bullish momentum above $0.0320 against the US Dollar, similar to...